When looking for a project to invest in, you may not know about one very lucrative and important investment opportunity: off-plan developments.
Off-plan projects in Dubai are developments that aren’t physically built yet but are in the process of being built. This unique way of investing comes with a number of benefits for investors. Keep reading to learn why you should invest in off-plan developments.
1: OFF-PLAN INVESTMENT KEEPS YOU FINANCIALLY SAFE
When buying an off-plan property in Dubai, it is important to assure that you are financially protected. Luckily, the Dubai Land Department and other Dubai government agencies and organizations have put laws into place that withholds funds for building until contractors have reached a certain stage in the process.
This can prevent hold-ups in the building process and can also stop fraud in its tracks, making it a great reason to invest in Dubai’s off-plan development projects.
2: YOU’LL GAIN MUCH MORE MONEY IN RETURN
Top real estate brokers in Dubai agree that investors are much more likely to make a higher profit off of an off-plan development than one that has already been built. To begin, the investment is actually cheaper than investing in a property that is already constructed. Most off-plan properties’ developers only ask for a fraction of the funds up front, and the rest can be paid afterwards, so your initial investment wouldn’t be too high.
Perhaps most importantly, studies show that off-plan properties actually sell at a higher price than properties that have been constructed already.
3: A WIDE VARIETY OF PROJECTS TO CHOOSE FROM
Buying an off-plan property in Dubai is as easy as ever. This is all because of Dubai’s ever-growing real estate industry. More and more people are coming to Dubai to visit or to make their home here. That means that there are several building projects, specifically off-plan building projects, cropping up all over the city.
Not only will investors be able to choose from a variety of projects, but it was also be a lot easier for them to rent out the property once it’s ready as there’s always a never-ending list of tenants looking for somewhere to stay in Dubai.
Off-plan developments are a real estate resource for the future. Not only are they economically responsible, they are also economically beneficial for the investor and the city in which the investor is investing in.